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Old 26-03-2008, 05:51   #16
FXdudy
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Re: Analytics for beginners

the source of info:http://blog.poltekfx.com/?p=55&forex=1


GBP
GBP | USD is traded with rise, but uncertainty in the banking system will not allow the British economy to continue to strengthen GBP, so that it will be a decline of GBP/USD in the nearest future.
Intermediate sales can start from 2.0080, which is 50% of the correction, as well as important historical significance (the closure of half year and the current technical level of resistance).
In the case of the level break, it is recommended to average the position from 2.0300. This level of resistance is significantly stronger, and its break is not possible in the current conditions.
It is a report on the inflation of BoE to the Financial Committee in the Parliament that could have an impact on the British currency trades.
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